Saudi Tadawul index falls 0.8% to 9,838 points as ACWA Power drops
Saudi Tadawul closed Sunday down 0.8% at 9,838 points on turnover of SAR 3.1 billion, with ACWA Power down 3% while Elm jumped 9% after results.
The Saudi Tadawul All Share Index closed Sunday's session down 0.8% at 9,838 points, losing 83 points, with turnover of about SAR 3.1 billion, extending its decline for a second straight day.
The index had fallen 1% on Thursday to 9,922 points, ending a three-day winning streak that began with a 3.4% rise on Monday, then 2.3% on Tuesday and 0.4% on Wednesday, but it ended last week up about 2.4%, according to Asharq Al-Awsat.
During the session the index moved between a low of 9,789 points and a high of 9,923 points, moving away from the 10,000-point level it crossed during last week's trading.
Al Rajhi shares fell about 0.1% and ACWA Power about 3%, while Alujain and SPIMACO each fell about 10%, Saudi Re 8% and Jabal Omar about 7%. Dr Sulaiman Al Habib closed at SAR 214 and Zajaj at SAR 35.02, down 3% and 2% after passing the dividend entitlement date. In contrast, Elm jumped about 9% after its financial results, Sahel rose about 4%, sports club companies more than 4% and National Steel more than 2%, while BinDawood and Sumou Real Estate each jumped 5%.
What do these terms mean?
General index: A measure of the price movement of a group of stocks in a financial market, used to show the market's overall direction.
Trading liquidity: The total value of shares traded during a session, which reflects the level of activity in the market.
Dividend entitlement date: The last day an investor must own the share to be entitled to declared dividends, after which the share trades without that right.
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